HIGHLIGHTSNew Wave: The USDA confirmed a new round of flash sales of US grain exports, adding on to similar notices seen last week. In Monday's notice, the USDA said 123,000 metric tons of corn were sold to Mexico for delivery in the 2023/24 marketing year. Returning demand is a source of support for grain futures on the CBOT, AgriTel said in a note. Nearing the End: Brazilian farmers are approaching the end of their harvesting work in the center-south region for the 2023/24 winter corn crop, according to analysts at agricultural consultancy AgRural. "The tour results would imply that USDA has some work to do in the next crop report," Ken Zuckerberg of CoBank said in a note.

Source: Wall Street Journal August 29, 2023 08:17 UTC